RENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. A failure to get a deal done could be even more expensive. In the shadow of a factory outside…
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A major strike is on the horizon for thousands of maritime workers, posing a threat to East Coast ports responsible for billions of dollars of goods. The International Longshoremen’s Association (ILA), the largest union of…
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Business
Elon Musk’s X and Starlink face nearly $1 million in daily fines for allegedly evading ban in Brazil
by adminElon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The fines, imposed by Brazil’s supreme court (Supremo Tribuno Federal…
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Some local Teamsters groups announce Harris endorsements after national union declines to do so
by adminThe main national body of the Teamsters union may have declined to endorse a candidate for the 2024 presidential election, but that hasn’t stopped local units from doing so. According to the Kamala Harris campaign,…
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A unit of Pennsylvania’s Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part…
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Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees on Wednesday. The furloughs will affect tens of thousands…
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JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
by adminJPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street to examine how it treats its…
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Amazon increases average pay for warehouse workers and adds free Prime membership perk
by adminAmazon announced Wednesday it is raising wages for its hourly warehouse workers and adding a new employee perk that will give them a Prime subscription at no extra cost. Beginning this month, Amazon’s average starting pay for…
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Charter rolls out new Spectrum pricing and internet speeds, aims to ‘be a better service operator’
by adminCharter Communications CEO Chris Winfrey said he wants customers to think of reliability and credibility when they think of their cable and broadband provider. The cable giant told CNBC it is unveiling a series of changes…
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In federal trial, Michael Kors says it’s harder to sell handbags in TikTok and Taylor Swift era
by adminIn a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos…